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Communications Systems Inc.

08/04/2021 | Press release | Distributed by Public on 08/04/2021 19:29

Insider Trading Report (SEC Filing - 4)

SEC FORM 4SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Fandrich Mark
(Last) (First) (Middle)
17400 6TH AVE. N.
(Street)
PLYMOUTH MN 55447
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
COMMUNICATIONS SYSTEMS INC [ JCS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Vice President/CFO
3. Date of Earliest Transaction (Month/Day/Year)
08/02/2021
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/02/2021 M 20,000 A $5.72 49,669 D
Common Stock 08/02/2021 F 17,845 D $7.15 31,824 D
Common Stock 08/02/2021 M 19,900 A $4.44 51,724 D
Common Stock 08/02/2021 F 15,777 D $7.15 35,947 D
Common Stock 08/02/2021 M 29,150 A $3.61 65,097 D
Common Stock 08/02/2021 F 21,375 D $7.15 43,722 D
Common Stock 08/02/2021 M 12,660 A $2.64 56,832 D
Common Stock 08/02/2021 F 8,358 D $7.15 48,024 D
Common Stock 08/02/2021 M 18,849 A $5.39 66,873 D
Common Stock 08/02/2021 F 16,349 D $7.15 50,524 D
Common Stock 08/02/2021 M 7,729 A $7.15 58,253 D
Common Stock 08/02/2021 F 2,365 D $7.15 55,888 D
Common Stock 08/02/2021 M 8,521 A $7.15 64,409 D
Common Stock 08/02/2021 F 2,607 D $7.15 61,802 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right-to-Buy) $5.72 08/02/2021 M 20,000 08/01/2021 08/29/2023 Common Stock 20,000 $0 0 D
Stock Option (Right-to-Buy) $4.4 08/02/2021 M 19,900 08/01/2021 03/31/2024 Common Stock 19,900 $0 0 D
Stock Option (Right-to-Buy) $3.61 08/02/2021 M 29,150 08/01/2021 03/09/2025 Common Stock 29,150 $0 0 D
Stock Option (Right-to-Buy) $2.64 08/02/2021 M 12,660 08/01/2021 03/28/2026 Common Stock 12,660 $0 0 D
Stock Option (Right-to-Buy) $5.39 08/02/2021 M 18,849 08/01/2021 05/06/2027 Common Stock 18,849 $0 0 D
Restricted Stock Units $7.15 08/02/2021 M 7,729 08/01/2021 03/28/2026 Common Stock 7,729 $0 0 D
Restricted Stock Units $7.15 08/02/2021 M 8,521 08/01/2021 05/06/2027 Common Stock 8,521 $0 0 D
Explanation of Responses:
Suzette McNally, Attorney-in-Fact for Mark Fandrich 08/04/2021
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.